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The AUDUSD achieves the first target – Analysis - 17-08-2021
The AUDUSD pair resumed its negative trades to succeed reaching our first waited target at 0.7300, and we suggest surpassing this level to head towards 0.7225 as a next main station, supported by the negative pressure formed by the EMA50.
Therefore, the negative scenario will remain valid and active for the upcoming period unless breaching 0.7375 and holding above it.
The expected trading range for today is between 0.7250 support and 0.7350 resistance
The expected trend for today: Bearish
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Brent oil price achieves more decline – Analysis - 17-08-2021
Brent oil price traded with strong negativity yesterday, and approached our second waited target at 67.70, but it bounced bullishly to settle around 69.65 now, noticing that the price begins to decline again, to head towards start new bearish wave that targets visiting 67.70 as a next main station.
MoreCrude oil price approaches the second target – Analysis - 17-08-2021
Crude oil price achieved additional decline yesterday to approach our second target at 65.20, and returned to fluctuate around 67.45, noticing that the EMA50 continues to press negatively on the price, while stochastic loses its positive momentum clearly.
MoreSilver price attempts to recover - Analysis - 17-08-2021
Silver price bounced bullishly to breach 23.75 level and settles above it, which leads the price to achieve more expected rise on the intraday basis, on its way to test the bearish channel’s resistance around 24.75 as a main target.
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